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28 January 2025 | 10 replies
Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up.
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29 January 2025 | 2 replies
Landlords sorted by unit count in Philadelphia as of January 20th, 2025.Note: It doesn't reflect pure ownership, especially for corporate landlords.
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2 February 2025 | 2 replies
With Tiny Homes, a person can get all the upgrades that want like that in a larger home.
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6 February 2025 | 13 replies
Most larger windows are an odd (old) size and solid pane and do not open.
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11 February 2025 | 1681 replies
It's a paradox of sorts.
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6 February 2025 | 11 replies
If this was a case of identity theft then she will eventually get it sorted out and removed from her credit report.
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30 January 2025 | 2 replies
Lately I’ve been considering wholesaling as I’ve heard it’s sort of an easy, low-cost avenue for beginners.
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3 February 2025 | 5 replies
They added their own sorting plant which made for a more consistent product size and color.
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17 February 2025 | 13 replies
Not sure if this is the sort of solution you're looking for but it's something that's worked for me.
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12 February 2025 | 9 replies
I'm sure they will just pay it and get it sorted out but I think the last minute complication threw them for a loop!